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Triplebottom

ETHBTC Ready to Make Up Ground!!Hello, Just as I stated in my XRP analysis, that BTC pump caught me off guard just as it did many of you I'm sure. BUT alts won't play. They are there for a reason. Crypto veterans aren't going to sit around and hold all of their BTC and not capitalize on the pump. They will look for good alts to gain even more wealth off of. Expect ETH and XRP to get some love, as they are actually top players in crypto and on all major exchanges with the most liquidity in BTC pairs. They are both showing signs of bottom against the BTC bleeding, so take a look! Or who knows, maybe BTC pumps to 1 million and alts get left in the dust. Seems... highly unlikely. Good luck! - CA$HLESS
by CASHLESSSOCYS
Trade Ideas Analysis: EURJPY Triple Bottom2 ways of reading this trade setup, trend traders will read it as the bearish flag and counter-trend traders as triple bottom with RSI Divergence. As a born counter-trend trader, I'm more into with the latter. I have already engaged the trade and see how this play out. Great Reward: Risk and not all my decision is just based on that, for this trade there is no recent support level to allow me to have my sell targets to, hence, I will stick with my triple bottom.
Long
by RaynLim
XBTUSD 4H/1H charts (4/25/2019)Good morning, traders. Imagine thinking price hit the high and shorting already. Or worse yet, remaining short and not buying the dip yesterday. Of course this is only a sad predicament if you believe price will head higher before heading lower. I continue to remain long at this time. Nothing has changed, in the larger picture, to warn me that I need to exit my long yet. The 4H chart shows price doing what it was expected to do as part of the re-accumulation scenario. RSI continues to be supported by the ascending line and Stoch RSI has crossed bullishly but is still well in oversold territory. Price is currently testing the top of the resistance level, which marks the top of the TR as shown, while printing a flag. If we take the flagpole as the length from the ST Area to the SOS, then a breakout through the flag's resistance would set up a target at purple ascending channel's resistance around $6300. The 1H chart shows a potential triple double bottom in the local TR with a target of ~$5615. A close above $5485 would confirm the pattern. This triple bottom is printing after the recent triple top and marks the target of that triple top pattern. Once price clears the descending channel's/flag's resistance, that opens up the much higher target mentioned earlier. With shorts continuing to rise, we can assume that a break above the horizontal red line will begin a short squeeze that could propel price toward the upper target. That $5690 level is the swing high of the supply created in November after price broke down through $6000, and there is little-to-no market interest until around $6300 which aligns with the flag's target. The vertical red line denotes tomorrow's CME April Bitcoin Futures expiry, with the blue vertical line denoting May's, and the green vertical line denoting June's. As mentioned yesterday, bearish divergence is printing on the daily chart. This would seem to suggest that price should be headed down, however wave structure, patterns, the large ascending channel, and the re-accumulation zone seem to suggest the final pop up before a retracement. It does not guarantee it though. In either case, if you are already in a trade or are thinking about entering one, you should have two plans: the first is your exit if price takes the path you think it will and the second is your exit if price takes the path you don't think it will. If you do not have both plans in place, then you shouldn't be in a trade because you will most likely trade emotionally, especially if price moves against you, and trading emotionally loses money. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITMEX:BTCUSD.PLong
by Chris_Inks
GBPUSD (more detailed analysis)FX:GBPUSD W1: We were in an uptrend (red trendline ) which we broke and now acts as a resistance level D1: Again we were in an uptrend (orange line) ..again broken acting now as resistance We also have a descending triangle which is about to break and a DOUBLE TOP pattern (still neckline not broken) H4: We have a triple top (at the above green zone) Price is currently ranging between the 2 green zones (top & bottom) So if price breaks down (the bottom green zone) ...we will have a very big shorting opportunity with a lot of pips to be made (of course after a retest of the zone) if it doesn't...then we buy and set our TP at the above green zone (tested 3 times & trendline confluent zone) FX:GBPUSD
by YerwantKansabedian
AMD Continuation or Breakdown????From the Daily chart we can see a text book Double Bottom pattern emerge just before the breakout and continued uptrend begins. When we take a closer look at the hourly and 30 minute charts we can see two possibly three island reversals which make taking a trade extremely risky when a commodities price could gap down and leave us stranded. This will further complicate the support lines when this occurs because they become untrustworthy when panic selling begins. i have labeled a relatively safe support zone on the chart as long as we do not incur any catastrophic sell offs these should remain stable. Note that anywhere past the 21.69 support we could drop off to the last major support at 19.02. The good news is we have a beautiful triple bottom forming on the 30 minute chart followed by new highs. Along with an uptick in the crypto market and hopefully a renewed enthusiasm for crypto mining we may see a nice push into the mid 20's on this one. Price Targets @ 23.27, 23.80, 24.00(Mental Resistance), 24.51, 25.17 Look for this to break 23.27 and retest this as support for confirmation of continued upside. Keep a tight Stop Loss if you decide to take a trade on this to hopefully avoid getting stuck on a reversal island.
NASDAQ:AMD
by Crispier-Bacon
S&P500 in a Range - Profits! The S&P500 is currently trading in a nice range between 2620 and 2810 points. The Fibonnaci level of 61.8% acted as a really good resistance (triple top). Price just bounced for the third time on the 2620 level and could go back up to 2810. However, if trend reverses and breaks below 2620, we could see a big drop. Also note a little divergence with the MACD; it has a good chance to be corrected on the upside. I believe that good news from US-China trade and reasonable inflation could give the S&P enough momentum to go back to the upper limit. Watch for fundamental news.
SP:SPXLong
by Tutur
Rates and equities rendez-vousToday may be the day we get the long-awaited bounce in rates and equity. SMI is showing signs of strength with a positively sloped trendline. ES1! appears to fight the sellers' pressure and bounces of the anticipated support at around 2627.00 forming a triple bottom. Now the first resist is visible at 2712 but the major one is expected to be located at around 2800.00. Rates are looking really oversold (overbought bonds). Probably given the oil price. Last time when rates were at these levels the water was flowing down the river, the yellow vests were non-existent and Macron had more support than Trump. Most importantly - ES futures were hitting 2900.00! Let's see where this bounce gets us. It still may be just a correction before a recession. Many things can happen. Word to close for today: CASH RULES EVERYTHING AROUND ME EXCEPT WHEN IT IS JUST A FIAT CURRENCY
CME_MINI:ES1!
by Slimsy